$OLN

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Olin, Huntsman Announce Merger Deal to Create Chemicals Company With Over $12 Billion in Revenue

Olin (OLN) and Huntsman (HUN) on Tuesday said they agreed to merge in an all-stock deal to create a larger North American chemicals company with more than $12 billion in annual revenue.Under the terms of the agreement, diversified chemical products maker Huntsman's shareholders will receive 0.5476 Olin shares for each share they own, the companies said in a joint statement.The transaction is expected to close in the first half of 2027, subject to regulatory and shareholder approvals. Upon completion, the combined company will be renamed OlinHuntsman. Olin shareholders are expected to own about 54.5% of the combined company, while Huntsman shareholders will own the remaining 45.5%.The combined company would have generated about $12.5 billion in 2025 revenue, the statement said. It is expected to serve a range of end markets including automotive, construction, infrastructure and industrial applications. OlinHuntsman will benefit from a lower cost position and a greater ability to convert its electrochemical unit production into downstream materials, creating new growth opportunities, according to the statement.The deal will also combine Olin's manufacturing and feedstock capabilities with Huntsman's downstream products and formulation expertise, while Olin's Winchester ammunition business will continue operating within the company."This combination provides a compelling opportunity for Olin and Huntsman to create a more resilient and value-focused chemicals company anchored in North America," Olin chief executive Ken Lane said.Olin and Huntsman expect the merger to generate more than $400 million in synergies and integration benefits.Upon closing of the transaction, Lane will lead the combined company, while Huntsman CEO Peter Huntsman will serve as non-executive chairman of the board. OlinHuntsman will be headquartered in Texas.Earlier this month, Huntsman said it sold its Italy-based automotive aftermarket components business Gomet to Trelleborg Group for about $50 million.

$HUN$OLN

US Markets3h ago

Stocks Rise Pre-Bell Ahead of Fed Policy Meeting; Traders Seek Details on US-Iran Peace Deal

US equity markets were tracking in the green before the open Tuesday as traders await the Federal Reserve's latest decision on interest rates and keep an eye out for more details on the peace deal between the US and Iran.The S&P 500 was slightly in the green, the Dow Jones Industrial Average edged up 0.1% and the Nasdaq added 0.2% in premarket activity. The S&P 500 and the Nasdaq finished Monday trading up for a third consecutive session, while the Dow notched a new all-time high.US markets will be closed on Friday for the Juneteenth National Independence Day holiday.The Fed's monetary policy committee is set to kick off its meeting on interest rates today, with a decision due tomorrow. Markets widely expect the central bank to keep its benchmark lending rate unchanged for a fourth consecutive meeting, according to the CME FedWatch tool."We expect the Warsh Fed to move slowly on interest rates, especially with expectations for an end to the war," D.A. Davidson said. "The Fed, however, could remove its easing bias (a view that rates will be lower over the medium term)."The Fed's so-called "dot plot" may signal no interest rate cuts until 2028, UBS Securities said Monday. The brokerage flagged the possibility of a tighter monetary policy amid the energy price shock stemming from the Middle East conflict.Treasury yields were down in premarket action, with the two-year rate retreating 1.2 basis points to 4.05%, while the 10-year rate was off 2.4 basis points to 4.45%.While markets remain optimistic following the US-Iran deal announcement, ship owners, traders and oil-producing nations are seeking more clarity on the terms of the agreement to end the war and reopen the Strait of Hormuz, Bloomberg News reported. Executives and officials said they need more details on the deal before resuming oil shipments through the key waterway, the report added."Flows through the Strait will take time to normalize even if the (memorandum of understanding) holds," Rystad Energy said in a note emailed toon Tuesday. "We are not going back to a pre-crisis oil market, but instead we are entering a more uncertain, more volatile one."West Texas Intermediate crude oil fell 2.5% to $78.73 a barrel before the open, while Brent slipped 2.4% to $81.18.The US and Iran are scheduled to sign their peace deal in Switzerland on Friday.Tuesday's economic calendar also has the housing starts and permits report for May at 8:30 am ET, along with the import and export prices data for the same month.SpaceX (SPCX) shares jumped 10% pre-bell after closing the previous trading session up 20%. Huntsman (HUN) fell 9.4% as it agreed to an all-stock merger of equals with Olin (OLN).John Wiley & Sons (WLY) reports its latest financial results before the bell, while La-Z-Boy (LZB) posts earnings after the markets close.Gold nudged 0.4% higher to $4,367 per troy ounce, while bitcoin slipped less than 0.1% to $66,586.

Dow JonesNasdaq CompositeS&P 500$HUN$OLN$SPCX$WLY

Research37d ago

Research Alert: Oln Maintained At Hold On Q2 Ebitda Improvement: Tp $32

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our Hold rating (3-STARS) and increase our target price to $32. This is derived using an EV/EBITDA multiple of 7.5x and our 2027 EBITDA estimate of $872 million. Olin reported a net loss of ($83.0M), or ($0.73) per share, in Q1 2026 as the Chlor Alkali Products and Vinyls segment swung to a loss on lower pricing, reduced volumes following the Blue Water Alliance exit, and $36.1M in legacy litigation charges. The company delivered sequential adjusted EBITDA improvement from Q4 2025, supported by its Beyond250 cost reduction program. Epoxy returned to profitability with growth in European operations, while Winchester revenue increased 21% on higher military sales, although margins compressed from commodity cost inflation. Management guided Q2 2026 adjusted EBITDA to $160M-$200M, reflecting expected seasonal demand improvement and pricing gains across Chemicals businesses along with continued Winchester demand momentum. We cut our 2026 EPS estimate by $0.62 to $-0.43 and keep 2027's as $1.25.

$OLN

Research39d ago

Research Alert: Oln Q1: Q1 Loss Widens On Chlor Alkali Weakness; Q2 Recovery Expected

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Olin reported a net loss of $83.0M, or -$0.73 per share vs. net income of $1.4M, or $0.01 per share, in Q1 2025, with sales declining 3.7% to $1,583.0M and adjusted EBITDA falling to $86.2M from $185.6M. The Chlor Alkali segment posted a $44.5M loss vs. $78.3M earnings due to lower pricing/volumes and higher costs, while Winchester sales rose 21.3% to $470.5M, though segment earnings declined. We believe the company is navigating challenging market conditions through its Beyond250 cost reduction program and sequential EBITDA improvement from Q4 2025. Management provided Q2 2026 adjusted EBITDA guidance of $160M-$200M, reflecting expected sequential improvement from seasonally higher demand and pricing gains. We expect the Iran conflict to benefit North American operations through supply disruptions, while net debt/EBITDA increased to 5.1x from 3.5x, though the company maintained $1.3B liquidity and declared its 398th consecutive quarterly dividend of $0.20 per share.

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